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Is Hong Kong Getting Cheaper?

10/3/2013 10:00PM

Retail rents in the world's most expensive market are finally cooling. The WSJ's Te-Ping Chen talks with Savills Director Kathy Lee about how companies are reacting to a slowdown in spending by Chinese consumers.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... we took ... the tactics years growing so fast it to the cities like New York London and Paris ... recently though the strings that has ... been appearing in the city ... with numerous storefronts actually standing open ... on you know lots of even a prime districts such essential because they pay ... I'm sipping ten with the Wall Street Journal ... joining me in Hong Kong today is happy be with fallacies here discuss why exactly this is ... has relied on you know to come home Gomez has been ... awful lot like over the past few years ... and then die cut I was saved at excess new posts into direct India's ... twenty ten ... and two heathens which has seen brands like taking a punt Cisl sentiments ... I think going up by more than fifty percent like that in each year ... respectively ... yes ... we ... can say he says and he struggled growth ... over the pasta DDS ... expecting on like the new the ... two thousand and four which is the post op or soft peering ... at us Hess me I didn't like the foam ... on all to move ... up by about three percent ... get ... away second saddens and Martinique on Sunday ... thank you Dr for his life including both Chili's and domestic among a smile ... on people talking to both the Indian Beetel assessments ... op officer even crazy he Archer is a light source which has like that on a buy on ... twenty two on Sunday to a sixteen percent over the past two years ... got three different but both of Maine and Chinese visit it's ... come ... back into the pension benefit a honk on sweet elk seconds ... but I guess the so the industry segments like at the jewelry and watches in particular ... Christian ... concert the thing I got this those aam ... onto Opel hopeless hours which was ... up if is the ... only sixteen percent ... in line I knew I e year two thousand and nine ... and now has gone up to almost twenty two percent ... of the Opel from comatose those like us ... over the last year ... and Dr Manson their pitches and the like and Serena Diq's or on the internet suddenly she favorable answer yes to ... answer this of this week is National we were still missing millions of May image and it was coming across the border why is that now that I mean even split the peloton and looking strong ... and assertive is empty store fronts and Brent staring deep into quilted see ... yet ... another reason why I cant that possible reasons ... when the foetus like that the land site especially when it comes to soft ... patch like to own up to the roof ... and actually stopped hunting on the opposite that it's up to get as Ethiopia ... on logic up a notch and saying things so Barnes ... and so that's why like that they have some of the seasons ... to hide his sweats so after a two nd to quote has snowed ... like double the cost for this ... in particular like that in the CIA ... and other reasons like active opens as ... some of the cycle is like a phobias and high-end watches it has cut its then this all aspects of the of the past two years ... and they start to see some kind of light can I say she was in KL I guess the stuff I was among the Fed's off and start like a currency dealing with that they need and so ... on like that they should all expect yes ... I know this song reason why we can see some kind of like a true during ... the night that they ... can tell my kids like him be some months certain some streets is literally no more states every single shop is Ardi been converted to blogger ... did it tonight ... and all sold out of the reason is that the change and he's the Pope up ... because like I think for the last two yet I should try to woo feeding upon cause me to mock as like as I said people ... with HIV says this ... and not the profile of the season to have to change ... we defeated seem low last thing they visit this compared to open ninety seconds ... and generally speaking those people are spending less ... on a night out on something ... like the idea and I should eat ... them all small ... small focusing making on confidence of things' ... One of introducing goes to the street is ... and been more likely to go to discipline been some incentive is one thing coming to the core areas ... and Best wannabe me so much as a coating on the Beetel lentil loaf like he caught locations in recent months and how leasing companies respond to changes in every tell I'm in and in you ... pulling back any actually been shuttered shops ... I think I'm not like I'm putting back all aam some cash off the excess I think on the currency that this change the thinking might have to have faith in my couple to expect ... all I have a choice ... Do bites locations remain fees sometimes I some sauce all ... aam ... of ... subs ... Johnson moved on on some kind of like the serrated case in the sunlight is ... but like them more due to a team ... does the lessons of Wall no patience with their plan ... and they find out like a hospital for expansion the half to because Hugo Boss a gigabyte location ... on to the market positioning and breaking range of shops as the yen ... what institutions looking for in these next coming months ... on actually like the foam the coming months the firm slice the more negative on the purchase of a sub conscious upset with which we ate like only with the ... baby are five ... oz ... despite DeSilva simple ... yet ... yet ... already seen some kind of dried up ... aam ... rental adjustment Armour Jasmine likened the summons already this any there and yes yes yes but maybe the Fed actually did some things that assessment will open on ... the purchase of submarines like in the coming quarters will be interesting to see how much the street shop for an effective to cut the rents to fill this been yet something you ... think you so